Embracing growth and building resilience during economic uncertainty – Innovators

Dear Readers,

Today the Textile Future Editorial Team has selected two sources of information to read.

The first feature is very short and will bring you to some items from McKinsey that might be interesting to read. It is entitled “Embracing growth and building resilience during economic uncertainty”.

The second item shows innovators – not in textiles – but in grocery and all features are from Coresight, a specialised research firm in the USA. The description shows the financial situation – seed financing status and the innovations. Innovations are on everybody’s thinking, and we at Textile Future believe that there are many good ideas to push innovations.

We at TextileFuture further believe to have made the right choices for you to read, and the items do not consume too much time for you!

The entire Editorial Team of TextileFuture invites you to call back next Tuesday, when we issue the next TextileFuture Newsletter, and we promise you it will be more geared around textiles.

Have an excellent week ahead, and until soon again!

Best regards,

Your TextileFuture Editorial Team

 

 

Here starts the first feature:

Curated by , Digital Editor from McKinsey in New York

Every business leader and CEO aspires to deliver growth, but for many, growth remains elusive. In times of uncertainty, growth is an important facet of resilience; leaders who adopt a growth mindset are better positioned to thrive under disruptions and other challenging situations–and outperform their peers. Outperformers take risks, understand their customers, favor action over perfection, focus on the long-term, and give control to others, according to McKinsey’s Biljana Cvetanovski, Eric Hazan, Jesko Perrey, and Dennis Spillecke. Explore these insights to understand how to make sustainable, inclusive growth a reality, and dive deeper into topics including:

  • how companies can seize green growth opportunities as we look toward a net-zero future
  • the importance of resilience as disruptions and crises arise over time
  • the ten rules for creating value-generating growth
  • how CFOs and other business leaders can deliver sustainable, inclusive growth

How to build geopolitical resilience amid a fragmenting global order

Four front-foot strategies to help create value in the net-zero transition

Strategic courage in an age of volatility

Choosing to grow: The leader’s blueprint

The Titanium Economy: How Industrial Technology Can Create a Better, Faster, Stronger America

Resilience for sustainable, inclusive growth

Are you a growth leader? The seven beliefs and behaviors that growth leaders share

Sustainable and inclusive growth: A weekly briefing

A CFO’s perspective on sustainable, inclusive growth

The ten rules of growth

www.mckinsey.com

 

Here is the beginnin of the second item, all of innovators:

Innovator Profile: Lucky Labs Brings Brands and Retailers Together To Enable Omnichannel Fulfilment

By Coresight Research September 6, 2022

What’s Inside

On September 19, 2022, Deborah Weinswig, CEO and Founder of Coresight Research, will emcee and feature on the judging panel of Groceryshop 2022’s “Shark Reef” startup pitch competition, which will see 12 early-stage innovators compete to win the Judges’ Choice and Audience Choice awards.

In the lead-up to the event, we are profiling the participating innovators. In this free report, we present Lucky Labs, developer of an online marketing platform that enables online brands to offer same-day fulfilment and in-store pickup through local retailers.

  • Read more from Groceryshop 2022, including other innovator profiles in the lead-up to the event as well as daily event coverage reports.
  • Click here to access more Coresight Research reports on grocery retail.

This report forms part of our Innovator Profile series, which focuses on emerging technologies that are disrupting traditional retail and fuelling innovation across the retail value chain.

  • Click here to read more innovator research (including Innovator Profile reportsfrom Coresight Research.

Executive Summary

  • Lucky Labs provides an online marketing platform that enables e-commerce brands to work with brick-and-mortar retailers to offer their customers same-day fulfillment and in-store pickup of online orders at a local store.
  • Through these omnichannel partnerships, retailers can increase their foot traffic while online brands can expand their marketing and sales reach to physical shopping destinations.
  • In a February 2022 survey conducted by Coresight Research, we found that among online shoppers in the US, 30% had used curbside pickup and 18% had used in-store pickup in the prior three months, indicating opportunity for brands and retailers in omnichannel fulfillment.

What We Think

As digital and physical retail becomes more interconnected, partnerships between brands and retailers across channels can provide consumers with enhanced omnichannel shopping experiences, resulting in opportunities to drive customer satisfaction and loyalty, and boost traffic and sales.

  • Lucky Labs provides an online marketing platform that enables e-commerce brands to work with brick-and-mortar retailers to offer their customers same-day fulfillment and in-store pickup of online orders at a local store.
  • Through these omnichannel partnerships, retailers can increase their foot traffic while online brands can expand their marketing and sales reach to physical shopping destinations.
  • In a February 2022 survey conducted by Coresight Research, we found that among online shoppers in the US, 30% had used curbside pickup and 18% had used in-store pickup in the prior three months, indicating opportunity for brands and retailers in omnichannel fulfilment.

Introduction 

The Coresight Research team will attend and participate in this year’s Groceryshop conference, which will be held on September 19–22, 2022, in Las Vegas, US. Groceryshop 2022 will explore the changing grocery landscape and help businesses navigate the rapid rise in e-commerce, the latest business models and technologies, and the shifting consumer behaviors that are impacting the industry.

On September 19, 2022, Deborah Weinswig, CEO and Founder of Coresight Research, will emcee and feature on the judging panel of Groceryshop 2022’s “Shark Reef” startup pitch competition, which will see 12 early-stage innovators compete to win the Judges’ Choice and Audience Choice awards. In the lead-up to the event, we are profiling the participating innovators.

This report forms part of our Innovator Profile series, which focuses on emerging technologies that are disrupting traditional retail and fueling innovation across the retail value chain. We present Lucky Labs, developer of an online marketing platform that enables online brands to offer same-day fulfillment and in-store availability through local retailers. Coresight Research collaborated with Lucky Labs to offer insights into its capabilities and offerings.

Areas of Innovation

Coresight Research categorizes the 12 participating innovators into three areas of innovation in retail: fulfillment and sustainability; product marketing and merchandising; and AI (artificial intelligence), ML (machine learning) and automation. Lucky Labs falls under “fulfillment and sustainability.”

Fulfillment (including the last mile) is often one of the most complex and costly processes in the supply chain, while sustainability is increasingly gaining attention from stakeholders. Technology innovators focused on these areas can assist brands and retailers in improving efficiency, transparency and sustainability in the supply chain, as well as supporting them in saving costs.

Lucky Labs: In Detail

https://luckylabs.io/

 

 

 

 

Headquarters 

New York, New York, US

Funding Stage 

Seed Stage

Total funding raised: USD 7 million

Company Description

Founded in 2020, Lucky Labs enables online brands and retailers with physical stores to work together to create an omnichannel experience for shoppers. The company’s online platform integrates a brand’s products with retail inventory in physical locations, allowing shoppers to see whether the product they want to purchase is in stock at a local retailer’s store and giving shoppers an in-store pickup option for their online orders.

For online brands, Lucky Labs provides visibility into retailers’ inventory distribution and the ability to offer BOPIS (buy online, pick up in-store). Brands can also generate a revenue and attribution data stream that will allow them to better understand their shoppers and sales to guide future growth. For retailers, Lucky Labs enables them to enhance their partnerships with the brands they carry in their store by having their stores available as a pickup location for online shoppers, thus increasing foot traffic and potential revenue.

What Problem Is the Company Solving?

By integrating e-commerce elements into their physical stores, retailers can gain a competitive edge in the increasingly digital retail landscape, particularly following the pandemic-driven rise in e-commerce adoption among consumers and the proliferation of emerging online brands. Through Lucky Lab’s online platform, retailers can market their storefront as a pickup location for shoppers on online brands’ websites, increasing their exposure online and converting web traffic into physical store traffic and potential sales.

Coresight Research’s US Consumer Tracker (our weekly surveys) from August 22, 2022, found that only around 21 % of respondents are avoiding shopping centers and malls, and around 19 % are avoiding shops in general—down from previous highs of over 50 % in 2021 and early 2022. As shoppers return to physical stores to shop, online brands could facing losing share back to the physical retail channel. By working with Lucky Labs, online brands can diversify their sales and marketing reach via an omnichannel approach, offering the convenience of picking up orders at a brick-and-mortar store and so capturing share of the shoppers that are returning to physical stores.

Market Opportunity 

We project that total US online retail sales as a proportion of total US retail sales will reach 30.8 % in 2030, compared to 21.2 % in 2022—a 45 % increase. Retailers should look to integrate themselves into the online retail space and work with online brands to create an omnichannel approach where web traffic can lead to store traffic.

Offering BOPIS options can increase revenue for both brands and retailers as it becomes a more popular fulfillment method. In a February 2022 Coresight Research survey, we found that among online shoppers in the US, 30% had used curbside pickup and 18% had used in-store pickup in the past three months, indicating opportunity for brands and retailers in omnichannel fulfilment.

What We Think

As consumers increasingly look to combine aspects of physical and digital retail to achieve higher levels of convenience when shopping, both online brands and physical retailers should explore avenues of providing a better omnichannel experience for their shoppers.

Brands and retailers can ramp up collaboration to seize opportunities in omnichannel services: brands can work with retailers to provide their shoppers with a physical pickup destination, while retailers can use brands to leverage website traffic and convert that into store traffic through pickup.

What Problem Is the Company Solving?

By integrating e-commerce elements into their physical stores, retailers can gain a competitive edge in the increasingly digital retail landscape, particularly following the pandemic-driven rise in e-commerce adoption among consumers and the proliferation of emerging online brands. Through Lucky Lab’s online platform, retailers can market their storefront as a pickup location for shoppers on online brands’ websites, increasing their exposure online and converting web traffic into physical store traffic and potential sales.

Coresight Research’s US Consumer Tracker (our weekly surveys) from August 22, 2022, found that only around 21 % of respondents are avoiding shopping centers and malls, and around 19 % are avoiding shops in general—down from previous highs of over 50 % in 2021 and early 2022. As shoppers return to physical stores to shop, online brands could facing losing share back to the physical retail channel. By working with Lucky Labs, online brands can diversify their sales and marketing reach via an omnichannel approach, offering the convenience of picking up orders at a brick-and-mortar store and so capturing share of the shoppers that are returning to physical stores.

Market Opportunity 

We project that total US online retail sales as a proportion of total US retail sales will reach 30.8 % in 2030, compared to 21.2 % in 2022—a 45 % increase. Retailers should look to integrate themselves into the online retail space and work with online brands to create an omnichannel approach where web traffic can lead to store traffic.

Offering BOPIS options can increase revenue for both brands and retailers as it becomes a more popular fulfillment method. In a February 2022 Coresight Research survey, we found that among online shoppers in the US, 30% had used curbside pickup and 18% had used in-store pickup in the past three months, indicating opportunity for brands and retailers in omnichannel fulfillment.

What We Think

As consumers increasingly look to combine aspects of physical and digital retail to achieve higher levels of convenience when shopping, both online brands and physical retailers should explore avenues of providing a better omnichannel experience for their shoppers.

Brands and retailers can ramp up collaboration to seize opportunities in omnichannel services: brands can work with retailers to provide their shoppers with a physical pickup destination, while retailers can use brands to leverage website traffic and convert that into store traffic through pickup.

www.coresight.com

 

Innovator Profile: Lula Delivery Helps Small Businesses Digitalize Their Inventory and Reach Online Shoppers

By Coresight Research September 5, 2022

What’s Inside

On September 19, 2022, Deborah Weinswig, CEO and Founder of Coresight Research, will emcee and feature on the judging panel of Groceryshop 2022’s “Shark Reef” startup pitch competition, which will see 12 early-stage innovators compete to win the Judges’ Choice and Audience Choice awards.

In the lead-up to the event, we are profiling the participating innovators. In this free report, we present Lula Delivery, a retail delivery platform that helps retailers to digitalize inventory, reach online shoppers and optimize the last mile by aggregating existing delivery services.

  • Read more from Groceryshop 2022, including other innovator profiles in the lead-up to the event as well as daily event coverage reports.
  • Click here to access more Coresight Research reports on grocery retail.

This report forms part of our Innovator Profile series, which focuses on emerging technologies that are disrupting traditional retail and fueling innovation across the retail value chain.

Click here to read more innovator research (including Innovator Profile reportsfrom Coresight Research.

Executive Summary

  • Lula Delivery assists small to mid-size retailers, primarily convenience and grocery stores, to digitalize their physical inventory and reach more online shoppers, fueled by increasing consumer demand for delivery of everyday and essential items.
  • The company’s delivery platform is connected to major delivery services, including Uber Eats and Postmates. It allows retailers to track and manage orders across all services from its central platform.
  • Coresight Research’s US Online Grocery Survey 2022 found that 49.0% of online grocery shoppers mainly use home delivery as fulfillment, up from 47.5 % in pre-pandemic 2019, and making it more popular than collection.

What We Think

As the convenience of delivery for everyday items and groceries becomes increasingly popular, small to mid-size retailers that carry these products would benefit from digitalizing their physical inventory and should seek to expand their presence across delivery services to reach more shoppers.

Introduction

The Coresight Research team will attend and participate in this year’s Groceryshop conference, which will be held on September 19–22, 2022, in Las Vegas, US. Groceryshop 2022 will explore the changing grocery landscape and help businesses navigate the rapid rise in e-commerce, the latest business models and technologies, and the shifting consumer behaviors that are impacting the industry.

On September 19, 2022, Deborah Weinswig, CEO and Founder of Coresight Research, will emcee and feature on the judging panel of Groceryshop 2022’s “Shark Reef” startup pitch competition, which will see 12 early-stage innovators compete to win the Judges’ Choice and Audience Choice awards. In the lead-up to the event, we are profiling the participating innovators.

This report forms part of our Innovator Profile series, which focuses on emerging technologies that are disrupting traditional retail and fueling innovation across the retail value chain. We present Lula Delivery, a retail delivery platform that helps retailers to digitalize inventory, reach online shoppers and optimize the last mile by aggregating existing delivery services. Coresight Research collaborated with Lula Delivery to offer insights into its capabilities and offerings.

Areas of Innovation

Coresight Research categorizes the 12 participating innovators into three areas of innovation in retail: fulfillment and sustainability; product marketing and merchandising; and AI (artificial intelligence), ML (machine learning) and automation. Lula Delivery falls under “fulfilment and sustainability.”

Fulfilment (the last mile) is often one of the most complex and costly processes in the supply chain, while sustainability is increasingly gaining attention from stakeholders. Technology innovators focused on these areas can assist brands and retailers in improving efficiency, transparency and sustainability in the supply chain, as well as supporting them in saving costs.

Lula Delivery: In Detail

 

 

 

 

 

Headquarters

Philadelphia, Pennsylvania, US

Funding Stage

Seed stage

Total funding raised: USD 14 million

Company Description

Founded in 2020, Lula Delivery assists small to mid-size retailers, primarily grocery and convenience stores, to digitalize their physical inventory for online sales and delivery.

The company enables retailers to create and upload a digital store profile with updated inventory information and a digital presence across major delivery providers, including Uber Eats, Postmates and Grubhub.

Lula Delivery’s enables retailers to manage all orders, inventory and delivery from its central platform. The platform also has analysis capabilities, providing order insights into total sales, new customers and inventory levels, with the goal of enabling retailers to track their performance and grow their stores.

The company aims to help its retail partners participate in the fast growth of online shopping for everyday items by giving them a simple way to leverage existing delivery platforms to deliver their goods.

What Problem Is the Company Solving?

Given the challenge of executing efficient last-mile deliveries, small independent retailers often struggle to access online shoppers seeking the convenience of deliveries for essentials and grocery items.

As such, many of these retailers resort to trying to manage orders from numerous companies across multiple different applications. The inefficiency of this process makes last-mile deliveries for smaller retailers more costly and less productive.

Lula Delivery bridges the gap between online consumer demand for delivery of everyday items and the supply of these items from nearby brick-and-mortar stores. As such, users can expand their reach to the vast online convenience and grocery store market in a way that smaller stores would otherwise not have the bandwidth to execute.

Market Opportunity

Many consumers are opting for home delivery of everyday items and groceries over collection services. Coresight Research’s US Online Grocery Survey 2022 found that 49.0 % of online grocery shoppers mainly use home delivery as fulfilment, up from 47.5 % in pre-pandemic 2019, and making it more popular than collection. This highlights the popularity of shoppers getting everyday items, often from grocery and convenience stores, delivered to their doorstep rather than visiting a store to pick up orders.

We believe that consumers will retain their preference for delivery as a fulfilment method, particularly for groceries, snacks and over-the-counter medicine, which presents a big opportunity for nearby convenience and grocery stores. According to 2022 data from NACS, there are 148000 convenience stores in the US and 43 % of Americans live within one mile of one of these stores, highlighting the opportunity for these stores to supply demand for delivery of everyday items and groceries. The advance of innovative retail technologies and fulfillment strategies will likely bolster the growth of the last-mile market for everyday items and groceries.

What We Think

As consumers explore the convenience of delivery of everyday items to their doorstep, often from convenience and grocery stores, small to mid-size retailers that carry these items should look to digitalise their physical inventories and supply the demand for these items.

We believe that the trend toward online convenience and grocery store shopping and delivery will continue—retailers that shift toward a more omnichannel model that bridges physical inventory and online demand can better compete against larger retailers in the market.

www.coresight.com

 

Innovator Profile: Nomitri Enhances In-Store Self-Checkout with AI-Powered Software

By Coresight Research September 9, 2022

What’s Inside

On September 19, 2022, Deborah Weinswig, CEO and Founder of Coresight Research, will emcee and feature on the judging panel of Groceryshop 2022’s “Shark Reef” startup pitch competition, which will see 12 early-stage innovators compete to win the Judges’ Choice and Audience Choice awards.

In the lead-up to the event, we are profiling the participating innovators. In this free report, we present Nomitri, developer of artificial intelligence (AI)-powered visual perception software for item tracking and self-checkout.

  • Read more from Groceryshop 2022, including other innovator profiles in the lead-up to the event as well as daily event coverage reports.
  • Click here to access more Coresight Research reports on grocery retail.

This report forms part of our Innovator Profile series, which focuses on emerging technologies that are disrupting traditional retail and fueling innovation across the retail value chain.

Click here to read more Innovator Research (including Innovator Profile reportsfrom Coresight Research.

Executive Summary

  • Nomitri’s visual perception software identifies products placed in carts through the use of AI and machine learning (ML) technology, enabling self-checkout on shoppers’ smartphones.
  • The software enhances convenience in the physical store, removing friction from the in-store shopping journey, such as by removing the need for customers to stand in line and enabling contactless checkout.
  • Coresight Research estimates that the retail AI market totals USD 4.5 billion in 2022 and will grow at a 30 % CAGR through 2027. According to an April 2022 survey conducted by Coresight Research, 44 % of US grocery and convenience store retailers believe that their customers are interested in fully autonomous checkout.

What We Think

To remain competitive against online rivals, brick-and-mortar retailers need to find ways to improve convenience and offer a seamless in-store experience. Innovative technologies including AI and visual perception software can help them achieve this by automating typically friction-heavy stages in the shopping journey, such as checkout.

Introduction 

The Coresight Research team will attend and participate in this year’s Groceryshop conference, which will be held on September 19–22, 2022, in Las Vegas, US. Groceryshop 2022 will explore the changing grocery landscape and help businesses navigate the rapid rise in e-commerce, the latest business models and technologies, and the shifting consumer behaviors that are impacting the industry.

On September 19, 2022, Deborah Weinswig, CEO and Founder of Coresight Research, will emcee and feature on the judging panel of Groceryshop 2022’s “Shark Reef” startup pitch competition, which will see 12 early-stage innovators compete to win the Judges’ Choice and Audience Choice awards. In the lead-up to the event, we are profiling the participating innovators.

This report forms part of our Innovator Profile series, which focuses on emerging technologies that are disrupting traditional retail and fuelling innovation across the retail value chain. We present Nomitri, developer of AI-powered visual perception software for item tracking and self-checkout. Coresight Research collaborated with Nomitri to offer insights into its capabilities and offerings.

Areas of Innovation

Coresight Research categorises the 12 participating innovators into three areas of innovation in retail: fulfilment and sustainability; product marketing and merchandising; and AI, ML and automation. Nomitry falls under “AI, ML and automation.”

Coresight Research categorizes the 12 participating innovators into three areas of innovation in retail: fulfillment and sustainability; product marketing and merchandising; and AI, ML and automation. Nomitri falls under “AI, ML and automation.”

Nomitri: In Detail

 

 

 

 

What Problem Is the Company Solving?

Coresight Research estimates that offline US retail sales will comprise 69.2% of total US retail sales by 2030, down from 78.8% in 2022, as shoppers continue to shift much of their lives online. In order to continue attracting shoppers to their stores and compete with other brick-and-mortar technology adopters, retailers must reduce friction in the in-store shopping experience.

Nomitri’s AI-powered visual perception software acts as a shopper assistant to remove many of the inconveniences that make in-store shopping tedious and time-consuming. By detecting the object and action in front of the camera, the software can check off items featured in customized lists and allow shoppers to check out directly from their smartphone, allowing them to avoid long checkout lines and introducing an option for contactless checkout.

The company’s software can also be applied to dark store or warehouse fulfillment center workers who can use the visual assistance to fill out carts more efficiently for their shoppers for pickup or delivery.

Market Opportunity 

AI adoption is still in its early stages and there is room for growth. Coresight Research estimates that the retail AI market totals $4.5 billion in 2022 and will grow at a 30% CAGR through 2027.

Advances in AI and ML technology will likely facilitate numerous points of innovation for in-person shopping that retailers can leverage to attract shoppers to their stores. For example, AI-based solutions enable autonomous checkout, removing the need for shoppers stand in line to pay for their purchases.

Many retailers are capitalizing on autonomous checkout technology to improve operational efficiency and reduce labor costs. More than half (59%) of US grocery and convenience store retailers currently offer autonomous checkout options to their customers, according to an April 2022 survey conducted by Coresight Research. In addition, 44% of US grocery and convenience store retailers believe that their customers are interested in fully autonomous checkout, and more than eight in 10 believe that customers are interested in cashierless self-checkout.

To remain competitive against online rivals, brick-and-mortar retailers need to find ways to improve convenience and offer a seamless in-store experience. Innovative technologies including AI and visual perception software can help them achieve this by automating typically friction-heavy stages in the shopping journey, such as checkout.

Headquarters 

Berlin, Germany

Funding Stage 

Seed stage

Total funding raised: USD 3.7 million

Company Description

Nomitri was founded in 2019. Its visual perception software uses embedded visual AI and ML technology alongside a neural network-based approach to provide visual intelligence that can be accessed via smartphones, edge devices and embedded systems. The software is designed to make the in-person shopping and checkout experience quicker and more seamless through object identification, barcode scanning, shopping list tracking and smart self-checkout.

Integrating Nomitri’s software with retailers’ existing systems takes only a few days, according to the company. Retailers can add phone mounts to their in-store shopping carts to make it easier for shoppers to use their smartphones to shop.

What Problem Is the Company Solving?

Coresight Research estimates that offline US retail sales will comprise 69.2 % of total US retail sales by 2030, down from 78.8 % in 2022, as shoppers continue to shift much of their lives online. In order to continue attracting shoppers to their stores and compete with other brick-and-mortar technology adopters, retailers must reduce friction in the in-store shopping experience.

Nomitri’s AI-powered visual perception software acts as a shopper assistant to remove many of the inconveniences that make in-store shopping tedious and time-consuming. By detecting the object and action in front of the camera, the software can check off items featured in customized lists and allow shoppers to check out directly from their smartphone, allowing them to avoid long checkout lines and introducing an option for contactless checkout.

The company’s software can also be applied to dark store or warehouse fulfilment centre workers who can use the visual assistance to fill out carts more efficiently for their shoppers for pickup or delivery.

Market Opportunity 

AI adoption is still in its early stages and there is room for growth. Coresight Research estimates that the retail AI market totals $4.5 billion in 2022 and will grow at a 30% CAGR through 2027.

Advances in AI and ML technology will likely facilitate numerous points of innovation for in-person shopping that retailers can leverage to attract shoppers to their stores. For example, AI-based solutions enable autonomous checkout, removing the need for shoppers stand in line to pay for their purchases.

Many retailers are capitalising on autonomous checkout technology to improve operational efficiency and reduce labor costs. More than half (59 %) of US grocery and convenience store retailers currently offer autonomous checkout options to their customers, according to an April 2022 survey conducted by Coresight Research. In addition, 44 % of US grocery and convenience store retailers believe that their customers are interested in fully autonomous checkout, and more than eight in 10 believe that customers are interested in cashierless self-checkout.

What We Think

To remain competitive against online rivals, brick-and-mortar retailers need to find ways to improve convenience and offer a seamless in-store experience. Innovative technologies including AI and visual perception software can help them achieve this by automating typically friction-heavy stages in the shopping journey, such as checkout.

www.coresight.com

 

 

 

Newsletter of last Week

Fashion: Mother Nature – Serena Williams Isn’t Exactly Retiring – Designing a Chic Mobile Home for an Exclusive California Trailer Park https://textile-future.com/archives/95752

Highlights of the News of last week, for your convenience, just click on the item to read.

Companies

BASF and ARCUS sign agreement on the production and procurement of pyrolysis oil from mixed plastic waste https://textile-future.com/archives/95706

Grupo Antolin and trinamiX partner to integrate secure access systems with face authentication in vehicle trim  https://textile-future.com/archives/95824

Bed Bath & Beyond Names Laura Crossen as Interim CFO https://textile-future.com/archives/95839

BASF offers product carbon footprints to its plastic additives customers through myPlasticAdditives https://textile-future.com/archives/95862

Data

The McKinsey week in Charts https://textile-future.com/archives/95639

Swiss Gross domestic product in the second quarter of 2022: further recovery in the services sector https://textile-future.com/archives/95682

Extra-EU exports supported 30 million jobs in 2020 https://textile-future.com/archives/95784

Inflation declines slightly to 10.2 % in July 2022 as energy prices slow in most OECD countries https://textile-future.com/archives/95948

Putting a price on sport https://textile-future.com/archives/96016

SDGs & me: Quality education https://textile-future.com/archives/96087

August: commercial flights closer to 2019 figures https://textile-future.com/archives/96114

Diapers

Dyper Diapers and Wipes to Launch at Walmart This Month https://textile-future.com/archives/96047

Extortion

Extortion payments in the Northern Triangle of Central America amount to over USD 1.1 billion per year https://textile-future.com/archives/96012

ECB

The ECB Can’t Justify What It Is Doing  https://textile-future.com/archives/96057

EU

EU Commission proposes full suspension of Visa Facilitation Agreement with Russia https://textile-future.com/archives/95829

Mergers: EU Commission clears acquisition of Perstorp by PCG  https://textile-future.com/archives/96084

Mergers: EU Commission clears creation of joint venture between Daimler Truck, NextEra Energy and BlackRock https://textile-future.com/archives/96111

Finland

FIVE FROM FINLAND: Finnish proverbs https://textile-future.com/archives/95983

Partnering

AgroCares partners with trinamiX to offer next-generation solution for onsite nutrient analysis https://textile-future.com/archives/95978

Personalities

Swiss Federal Councillor Ueli Maurer receives Qatari Minister of Finance https://textile-future.com/archives/95717

Dorries quits as UK Media Secretary https://textile-future.com/archives/95833

The European Commission appoints two new Directors for its Joint Research Centre https://textile-future.com/archives/95896

Target CEO Brian Cornell to Stay Three More Years https://textile-future.com/archives/95924

Donnelan appointed UK DCMS Secretary https://textile-future.com/archives/95943

Halder named Digital UK CCO https://textile-future.com/archives/95962

Coloreel appoints Elin Wengström as the new VP of Marketing https://textile-future.com/archives/96050

Prefictive-Maintenance

‘Predictive-Maintenance’ Tech Is Taking Off as Manufacturers Seek More Efficiency  https://textile-future.com/archives/95902

Price increases

Suominen to implement a new energy surcharge on all products in Europe https://textile-future.com/archives/95810

3D Printing

3D Printing News Briefs, September 3, 2022 https://textile-future.com/archives/95669

Latin America

Renault announces the introduction of the Renault E-TECH range on the LatAm market https://textile-future.com/archives/95873

Moon Launch

NASA Scrubbed Another Moon Launch. It May Not Be the Last Time https://textile-future.com/archives/95653

Nonwovens

Nike Uses Needlepunch Technology for New Line of Apparel https://textile-future.com/archives/96039

Research

PSI – Combining forces for the energy transition https://textile-future.com/archives/96003

Seminars

Groz-Beckert – Seminars in September: Quality management and process optimisation https://textile-future.com/archives/96068

South Africa

Top nonwoven quality is becoming increasingly important in emerging markets: PFNonwovens invests in Reicofil RF5 technology in South Africa https://textile-future.com/archives/95883

Success Story

KARL MAYER sells first indigo dyeing line to Argentina https://textile-future.com/archives/95998

Sustainability

Swiss Zehnder Group publishes “Sustainability Status Report” https://textile-future.com/archives/95934

Switzerland

Swiss Textile Machinery Association: Free trade deal boosts export potential https://textile-future.com/archives/95692

Launch of the Swiss national cybersecurity awareness campaign https://textile-future.com/archives/95700

Swiss Nobel Laureate becomes new Chairman of the Marcel Benoist Foundation https://textile-future.com/archives/95892

Vocational education and training is the focus of the visit by the director general of Israel’s Ministry of Education https://textile-future.com/archives/96033

UK

The Conservatives Made Everything in Britain Worse (Yes, Even the Weather) https://textile-future.com/archives/95913

Webinar

Webinar: The Role of the Media in Financial Transparency https://textile-future.com/archives/96077

Worth Visiting

September 6, 2022 Skateboards, saris and the very first design exhibition by Ai Weiwei are among the highlights of the 2023 exhibition programme at the London Design Museum https://textile-future.com/archives/95792

WTO

Argentina initiates WTO dispute complaint targeting Peruvian duties on biodiesel imports https://textile-future.com/archives/95869

WTO announces winner of 2022 Essay Award for Young Economists  https://textile-future.com/archives/96024